Caliber Goes Vertical with The Roosevelt Zero Energy Ready Townhome Community in Downtown Tempe

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Caliber Development, a division of real estate investment firm Caliber
ÔÇô The Wealth Development Company, will begin vertical construction,
as foundations are complete for the new $14 million, 32-unit luxury
sustainable townhome community, The Roosevelt. Set two blocks from the
progressive urban hotspot of Mill Avenue in Downtown Tempe, Arizona, at
233 S. Roosevelt, the townhomes will showcase 2-bedroom, 2-1/2-bath
townhome models with over 1,800 square feet of living space and the
latest in energy efficiency/green initiatives and home automation. Phase
1, or 14 units, is expected to be completed December 2018.

ÔÇ£Caliber Development has worked closely with city officials and the
community to ensure the property offers a modern Class A building full
of amenities and sustainability innovations to increase property values
and improve quality of life,ÔÇØ said Roy Bade, executive vice president of
commercial acquisitions and development of Caliber. ÔÇ£The Roosevelt will
fulfill the heightened demand from buyers wanting sustainability
features that reduce aspects like energy and water usage. WeÔÇÖve designed
many newer technologies and methods into this forward-thinking
community, well-located amidst prime office and retail in Tempe, to fit
todayÔÇÖs urban buyer seeking a live-work-play lifestyle.ÔÇØ

When completed, The Roosevelt will exceed many of Leadership in Energy
and Environmental Design (LEED®) qualifications and meet Energy Star®
certification. All units will be equipped with innovative sustainability
features including solar panels, LED lighting, hybrid water heaters,
Icynene spray foam in all exterior walls and ceilings for insulation and
soundproofing, PEX plumbing, High SEER heat pumps, Energy Star
Appliances, cool roof technology and more. Home automation technology
will explore the areas of virtual assistants, energy management,
security, locks, cameras, smoke detectors, electrical control, lighting
and outdoor sprinklers. Smartphone applications will help control these
aspects while in and out of the home.

Michael Williamson or Beth Spivey at Caliber Realty are exclusive agents
for The Roosevelt and can be reached at 480-295-7600. Homes are being
offered for approx. $450,000 – $500,000.

Caliber Development has established an impressive portfolio over recent
years. The Company is involved in dozens of development/re-development
projects around Arizona including The
Eclipse Zero Energy Ready townhome community in Scottsdale, the
8-building historic preservation/revitalization project on Main Street
in Downtown Mesa, the redevelopment of the Tucson Hilton East Hotel and
the construction of a new 125-room hotel adjacent to the Tucson
Convention Center.

About Caliber ÔÇô The Wealth Development Company

Caliber leads the market in providing individual accredited investors
and registered investment advisors with well-structured alternatives to
traditional investments. The Company builds wealth by forming and
managing real estate private equity investments, either through
individual assets or multi-asset funds. The Company offers an
approachable, full-service investment experience with more than 700 team
members working to care for over $300 million (assets under management)
in commercial, residential, multi-family, self-storage and hospitality
real estate in AZ, CO, NV, UT and AK. Comprised of 5 business units
including Investment,
Construction
& Development, Property
Management, Brokerage
and Hospitality,
CaliberÔÇÖs vertical integration of support services delivers a unique and
efficient 360┬║ approach to investing in real estate. The Company is
headquartered in Scottsdale, AZ, with business operations focused
throughout the greater Southwest region. www.CaliberCo.com

Note to Investors

This press release is provided solely for information purposes and
does not constitute legal or investment advice. This is neither an offer
to sell nor a solicitation of an offer to buy securities. While we
endeavor to keep the information up to date and correct, we make no
representations or warranties of any kind, express or implied, about the
completeness, accuracy or reliability of the data and summaries
contained in this press release or the suitability of any separate
offering for investors. There are risks associated with any investment.
In making an investment decision, investors must rely on their own
examination of the company they wish to invest in including the merits
and risk involved. Any forward looking statement speaks only as of the
date on which such statement is made, and we undertake no obligation to
update any forward looking statement to reflect events or circumstances
after the date on which such statement is made. Please contact Caliber
directly at 480-295-7600 for further information.

Contacts

Media Contact
RS Marketing & Assoc.
Ruth Seigel,
602-320-4182
[email protected]